India, April 2 -- The state urban development department (UDD) has reduced the charges of premiums of buildings that are over 30 years old and stand at a height of 18 meters (roughly five storeys) and below that fall in the funnel zone of the Chhatrapati Shivaji Maharaj International Airport. Areas that are close to the airport fall in the funnel zone.

The state has announced its plan to amend Development Control and Promotional Rules 2034 by inserting a new chapter for residents staying in funnel zone. According to the amendment, the basic FSI for buildings in this zone will be 1. If residents cannot consume the basic FSI in construction due to height restrictions, then TDR can be generated which can be sold to other builders.

If resid...